Renewbuy - Manager - Business Development

About RenewBuy

Launched in 2015, RenewBuy has rapidly emerged as India's 2nd largest Insure-Tech player.

We've revolutionized the insurance landscape by digitizing the consumer journey through a vast network of Agents, positioning us ahead of both traditional and digital competitors.

Offering Motor, Health, and Life Insurance, RenewBuy is on track to achieve a 2000 Cr annualized business, powered by a dynamic team of 2500+ employees across 50+ cities.

Recently, we secured USD 40 million in funding from Japanese insurance major Dai-ichi Life Holdings Inc., fueling our ambitious plans to expand to 1000+ locations and grow our agent base to 2 lakh on our platform.

Why This Job Is Amazing

This executive-level role at RenewBuy is for a strategic leader who will drive significant market expansion and channel growth within the Insure-Tech sector.

As a Business Development Manager - Agency, you will be responsible for architecting and executing the overall growth strategy for the agency channel in Varanasi, directly impacting our profitability and market leadership.

You'll lead a team, influence territory-level P&L, and refine your strategic business development skills.

This role offers unparalleled earning potential through performance bonuses tied to significant business outcomes.

Choosing RenewBuy means joining a hyper-growth company, building a career at the intersection of technology and strategic sales, and contributing to a team that values visionary ideas and intellectual courage.

If you have the passion, the proven ability to drive large-scale business development, and the ambition to make a transformative impact, join us.

Job Objective

To strategically develop, manage, and significantly expand the Individual Agency Channel (Motor / Health & Life) across the Varanasi territory, ensuring substantial business growth, optimal profitability, and effective leadership of the agent network.

This role demands a strong focus on new market penetration, P&L management, and strategic channel optimization.

Key Agency Channel Development & Expansion :

• Architect and spearhead the strategic sourcing and onboarding of a high volume of quality POS agents, driving aggressive expansion of the agency channel in the Varanasi territory.
• Design and implement comprehensive pre-licensing, training, and licensing frameworks, ensuring a robust and continuously growing agent pipeline.
• Develop and execute advanced strategies to penetrate new market segments, identify untapped opportunities, and significantly increase the overall market reach.
• Lead the analysis of competitor activities and market trends to position RenewBuy Agency Channel Management & Optimization :
• Lead the monitoring and strategic management of agent performance, implementing data-driven approaches to optimize sales funnels, conversion rates, and overall agent productivity.
• Develop and deploy robust strategies to maintain a high active percentage of POS agents and minimize attrition, fostering long-term agent loyalty and engagement.
• Ensure exceptionally high productivity across the entire agent base and cultivate strong, profitable channel engagement.

P&L Management & Profitability :

Leadership & Mentorship :

Advanced Channel Servicing :

Compliance & Financial Hygiene Stewardship :

Strategic Contribution :

Skills and Experience Required

Ideal Candidate

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